Nokia has reported revenue of 5.694 billion euros (+7 percent) or $6.34 billion and operating loss of 57 million euros with operating margin of –1 percent in the second quarter of 2019.
Nokia said the company has achieved 45 commercial 5G deals and 9 live networks till the end of the second quarter.
Nokia has generated Q2 sale of 4.393 billion euros (+8 percent) from Networks, 678 million euros (+11 percent) from Nokia Software and 383 million euros (+6 percent) from Nokia Technologies.
Nokia generated revenue of 1.012 million euros (+9 percent) from Asia Pacific, 1.611 million euros (+4 percent) from Europe, 515 million euros (–2 percent) from China, 441 million euros (–1 percent) from Middle East and Africa, 359 million euros (+17 percent) from Latin America and 1.755 billion euros (+13 percent) from North America.
Nokia has generated 4.755 billion euros (+8 percent) from telecommunications, 318 million euros (+8 percent) from enterprises and 383 million euros (+9 percent) from licenses during the second quarter.
Nokia has generated 18 percent of the sales from Asia, 28 percent from Europe, 9 percent from China, 8 percent from Middle East and Africa, 6 percent from Latin America and 31 percent from North America.
Risks remain in the year, including execution demands in the second half, trade-related uncertainty in the China market. The telecom network company will continue to focus on tight operational discipline, delivering on our 700 million euros cost-savings program, improving working capital management and advancing the implementation of its strategy, Nokia CEO Rajeev Suri said in a statement.
Ericsson sales were SEK 54.8 billion or $5.81 billion (+7 percent) in Q2 2019 — driven by growth in Networks in North America and North East Asia.
Ericsson improved its gross margin to 36.6 percent from 34.8 percent. Networks gross margin improved to 41.4 percent from 40.2 percent.
Ericsson achieved operating income of SEK 3.7 billion with operating margin of 6.8 percent against operating loss of 0.2 billion.
Huawei will share its financial report this month. Media reports suggest that Huawei will post 30 percent increase in revenue during the first half of 2019.
Nokia in 5G
Nokia has signed multiple 5G commercial deals during the period. The total number of 5G commercial agreements reached 45. Around half of those include portfolio beyond 5G New Radio. Nine of those networks are now live, and these include both mid-band and mmWave solutions.
SoftBank in Japan selected Nokia to drive its commercial 5G offering with the Nokia AirScale solution.
Zain Saudi Arabia will roll out its 5G network using Nokia’s end-to-end portfolio, including radio, microwave transport, security and turnkey services solutions.
Nokia and U Mobile in Malaysia signed a 3-year deal to deploy Nokia Single RAN network as well as microwave and IP-based mobile transport technologies; the deal also includes the Nokia 7705 Service Aggregation Routers and 7750 Service Routers for mobile access and aggregation.
Nokia and U Mobile also announced they will collaborate on a 5G live network trial later this year.
In Denmark, Telia Company initiated its first live 5G tests in cooperation with Nokia and the TT-network.
Nokia announced that China Mobile will adopt its new AirScale mMIMO Adaptive Antenna, created specifically for the massive bandwidth and coverage requirements of the Chinese market as it transitions to 5G.